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The installed base of fleet management systems in Australia and New Zealand to reach 1.4 million units by 2021

 

Gothenburg, Sweden - October 25, 2017 (Investorideas.com Newswire) The number of active fleet management systems deployed in commercial vehicle fleets in Australia and New Zealand was almost 0.7 million in Q4-2016 according to a new research report from M2M/IoT analyst firm Berg Insight. Growing at a compound annual growth rate (CAGR) of 15.7 percent, this number is expected to reach 1.4 million by 2021. The fleet management market in Australia and New Zealand is today influenced positively by a number of market drivers including regulatory developments such as health and safety regulations, road user charges and electronic work diaries.

A wide variety of players serve the fleet management market in Australia and New Zealand, ranging from small local vendors to leading international solution providers. "Industry representatives however argue that the Australian fleet management space is actually not as fragmented as many other markets considering its size”, says Rickard Andersson, Senior Analyst, Berg Insight. He adds that though there is a myriad of very small players, the fact that there are few players with large installed bases means that the overall market is indeed comparably consolidated in terms of market share. "The top-10 players in Australia and New Zealand account for more than half of the active units on the market. Almost 40 percent is even represented by the top-5”, continued Mr. Andersson. Berg Insight ranks Teletrac Navman as the largest provider in Australia and New Zealand, having surpassed the milestone of 100,000 active units in the region in 2017. Other major players on the market include EROAD, IntelliTrac, MTData, Smartrak and Coretex which are all based in the region, as well as international players including Verizon, Altech Netstar, Fleet Complete, MiX Telematics and Ctrack. "Ongoing M&A activity in the region adds to the consolidation of the market and the emergence of a limited number of dominant solution providers with above-average growth rates", concludes Mr. Andersson.

Download report brochure: Fleet Management in Australia and New Zealand

About Berg Insight

Berg Insight is a dedicated M2M/IoT market research firm based in Sweden. We have been specialising in all major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004. Our vision is to be the most valuable source of intelligence for our customers. Berg Insight offers numerous market reports, detailed market forecast databases and advisory services. We provide custom research tailored to your requirements including focussed research papers, business case analysis, go-to-market strategies and bespoke market forecasting. We have provided analytical services to 850 clients in 70 countries on six continents to date. Our customers range from many of the world’s largest mobile operators, IT companies and telecom vendors, to venture capitalists, technology start-ups and specialist consultants.

For additional information, please contact:

Johan Fagerberg, CEO
E-mail: johan.fagerberg@berginsight.com
Phone: +46 31 711 30 91
Twitter: www.twitter.com/berginsight


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